Build a new home or buy an established home?

A lot of people understand how to buy a house.  You go and look at houses, and you look for something you like, and you buy it, but what about if you decide you’d like to build a new home? When you’re building a house, how do you know what you’re getting, what’s the process? Why would you build over buying an already established house?

A lot of investors do think that established property is the only way to go, but there is the opportunity through new homes and house and land packages, and there are some definite advantages of buying a new home or a house and land package over buying established.

The obvious one is stamp duty. On a typical house and land package of around $350,000 or $300,000, you might be saving around about $7,000–$8,000 in stamp duty.  When you are building a new house you are only paying stamp duty on the land. The house hasn’t been built when you purchase it, so you’re actually not paying any stamp duty for it.

There’s a good saving there.

First home buyers, for example, will get the first home buyer grant, but as an investor, you also have the opportunity to get fantastic depreciation schedules on new homes, and if you talk to your accountant about that, I’m sure they’ll be able to tell you about how that can offset the savings against your tax, so there’s that advantage as well.

Often we find with house and land packages, that we can build those or put those together for around about 10 to 15 percent less than what it might cost to buy a comparable established property in that area, so you’re taking on a buying property that immediately has 10 to 15 percent equity in it. So that’s another advantage of it. Of course, having a brand new home can also be an advantage over established, because you’re going to have less maintenance costs, so it’s going to cost you less to hold that property.  So there are definitely a number of great advantages to buying house and land packages when you’re looking at investment.

Here at Aspiron we have a number of house and land packages available and, our motto is connecting people with properties, so our goal is to help as many people as possible achieve their dreams through property, whether it be established homes or house and land packages, we have access to those and can put together the best outcome for an investor looking to get into the property market.

Give us a call, pop onto our Facebook page or our website, all of details are there. Give us a call and we’re happy to get together, no obligation, chat over a coffee or a cup of tea.

Lovely acreage property in Wallington available “off market”

We are very pleased to have been given the opportunity to sell this lovely property on Swan Bay Road Wallington “off market”. The property consists of 2 titles: A 6 acres vacant allotment plus a 2.5 acre title which includes a 3 bedroom brick house.

Vendors are willing to consider offers for the 6 acres alone, or the 2 titles combined totalling 8.5 acres and the brick house.

The photos below were taken on my iPhone and definitely do not do justice to this impressive small acreage allotment in a lovely section of Wallington, just 15 minutes from Geelong on the Bellarine Peninsula. Additional to the native gum trees on the property are many established claret ash and pear trees that the owners has planted. A number of possible home sites await you to build your dream home while you live in the existing home, or rent it out for an annual income of up to $18,000 per year. A bonus of the property is that it is on town water.

At this stage this will not advertised on the open market. This type of property does not come onto the market every day. so get in now before the secret is out. To find out more call Scott Hunt on 0431 474 721 or email

Will you ever see Wallington acreage for this price again?

Good question! This 4.5 acre (approx) property has just come onto the market and is an outstanding and rare opportunity to purchase acreage at this price.

If you’re happy to roll up the sleeves and put in a bit of elbow grease, then that is all this property needs to turn it into an outstanding lifestyle property. Just 5 mins for Ocean Grove and its bustling shopping centre and renowned surf beaches. 15 mins to Victoria’s 2nd city Geelong.

If you’ve been looking for acreage for a while but can’t quite manage the price tag, then here’s your chance.

Asking $660,000 – $685,000.

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